Dollar to Naira exchange rate today, October 21, 2025

The Nigerian naira traded mixed on Tuesday, with the authoritative complaint from the Central Bank of Nigeria (CBN) and the regular Nigerian foreign-exchange marketplace (NFEM) hovering near ₦1,470 per US$1. Meanwhile, successful Lagos’ parallel (black) marketplace the US dollar was being bought astatine around ₦1,480 and sold astatine about ₦1,495.

On the authoritative window, the mid-market USD/NGN stood adjacent to ₦1,468–₦1,470 according to caller data. Meanwhile the thoroughfare complaint remains elevated, reflecting persistent request and tighter USD proviso successful informal channels. The dispersed betwixt authoritative and parallel rates continues to underscore the two-tier quality of Nigeria’s FX market.

Analysts property the spread to constricted dollar liquidity for retail and import markets, beardown request from travellers and importers, and marketplace participants pricing successful imaginable aboriginal volatility. While the naira has seen flimsy spot precocious (official quotes near ₦1,460-₦1,475 successful mid-October) the parallel marketplace remains astatine a premium.

For individuals and businesses, this means that portion the authoritative complaint gives a benchmark, existent costs for importers, travellers oregon those buying dollars successful the streets whitethorn look higher conversion costs. Monitoring some authoritative NFEM figures and parallel marketplace quotes remains important.

The station Dollar to Naira speech complaint today, October 21, 2025 appeared archetypal connected Vanguard News.